Faith and mission encompass various entities like diocese and parishes, places of worship, educational institutions, health and aged care, welfare and not-for-profit. Each organisation faces a diverse range of risks across different areas, including People, Property, and Liability. Some of the prominent risks include:
People: Diminishing congregation attendance numbers, educating and supporting newly arrived priests and clergy, duty of care to provide a safe environment for students, workforce planning and aging workforce, occupational violence and stress, complex care needs for the aging community and mental stress claims from staff and volunteers.
Property: Asset rationalisation, consolidation of low-attended parishes, maintenance programs to reduce vulnerability to catastrophic and natural perils, and governance, risk management, and procurement for capital works programs.
Liability: Professional standard claims and redress scheme, reputational risk in relation to student safety, cyber risks such as privacy breaches and hacking, compliance with changing regulatory environments and contractual obligations linked to government funding and insurance requirements.
